Which of the Following Is True About Salaried Employees? (Select

question 81

Multiple Choice

Which of the following is true about salaried employees? (Select all that apply.)

• A) They are not subject to provisions of FLSA.
• B) The minimum wage is $7.25 per hour.
• C) They may not work more than 45 hours per week.
• D) The minimum annual salary as of December 2016 is $47,476.

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Definitions:

Inflation Rate

The percentage increase in the general level of prices for goods and services in an economy over a period of time.

NPV

Net Present Value; a financial calculation used to determine the value of a series of future cash flows by discounting them to the present using a specific rate.

Capital Asset Pricing Model

A model that describes the relationship between systematic risk and expected return for assets, particularly stocks.

Risk-Free Rate

The rate of return of an investment with zero risk, serving as a benchmark for evaluating other investments.